Starknet's STRK token gained 9.5% over 24 hours, a move recorded on CoinMarketCap earlier on October 4, carrying it above September's resistance before the advance stalled near $0.0595. By 17:00 UTC, price had retreated to roughly $0.0561 on Coinbase's daily chart, leaving buyers to defend the reclaimed $0.0507–$0.0521 area. The current structure shows STRK closed above September's resistance, buyers testing support near $0.051, and daily RSI in overbought territory below its September peak.

For readers newer to the asset, STRK is the native token of Starknet, an Ethereum Layer 2 network that executes transactions off the main chain and secures them with STARK cryptographic proofs; the token is used for paying fees, staking, and governance on the network.

September's Higher Low Set Up the Latest Advance

The recovery first took shape around $0.0220 in August and reached $0.0508 in September, at which point sellers pushed STRK back toward $0.0380. Buyers stepped in at that higher low, giving the next advance a base from which to challenge September's peak. The previous daily candle subsequently closed above $0.0508, establishing a higher high on the heels of the higher low.

That structural improvement now hinges on how the first pullback develops. Returning to the former resistance is part of testing the breakout; staying below it would raise doubts about whether buyers can sustain the higher trading range. Retests of this kind are a staple of technical analysis, because former resistance flipping into support is the behavior chart readers generally look for before treating a breakout as confirmed.

Buyers Have Defended the Breakout Zone Once

October 4's low of $0.05174 carried STRK into the $0.0507–$0.0521 zone before it rebounded. September's previous high sits within this area, alongside the 0.236 Fibonacci retracement near $0.0508 and the optional 0.20 retracement near $0.0521.

The rebound is an encouraging start, but the daily candle remained open as of 17:00 UTC. A close above the zone, followed by a recovery that holds in subsequent sessions, would give buyers firmer evidence of a successful retest. Repeated closes below it would weaken that reading, particularly if rebounds began meeting sellers around the same level.

If support holds, STRK would have a basis for another attempt at $0.0595–$0.0600, where the latest advance ran out of steam. Holding above that range would extend the recovery. Another rejection, however, could leave the price consolidating between the reclaimed September high and the recent peak.

Below the Breakout, September's Base Matters Most

If the retest fails, $0.0453 is the next Fibonacci reference before the rising blue trendline around $0.042–$0.043. Beneath that line, September's consolidation leads back to the $0.0380 higher low, where buyers previously halted the pullback.

The Fibonacci levels are calculated using anchors near $0.02204 and $0.05963. A higher upper anchor would change the resulting retracements. Retracement levels of this kind — standard ratios applied to the size of the prior move — are among the most widely watched references for how far a pullback might carry.

The moving averages sit further below price, with the 50 SMA near $0.0329, the 100 SMA near $0.0303 and the 200 SMA near $0.0339. Recent gains have lifted the 50 SMA, although it remains below the 200 SMA. These averages describe the recovery over a longer horizon; the breakout zone and September's higher low are more relevant for judging the current pullback.

A New Price High Has Not Brought a New RSI Peak

The pace of the advance has pushed the daily RSI to 76.13, above its smoothing line near 63.79 and into overbought territory. Fidelity's RSI guide notes, however, that strong trends can remain above 70 for extended periods.

The caution stems from the comparison with September: price has exceeded its earlier high, while RSI remains below its corresponding peak. This developing bearish divergence suggests momentum has not strengthened alongside the higher price. With the latest candle still open, RSI could rise further and alter that comparison before the session ends.

The rally has nevertheless drawn heavier trading activity, with recent volume bars larger than much of the preceding consolidation. That pickup supports the advance, even as the RSI comparison raises questions about its strength. October 4's unfinished volume bar will allow a clearer comparison with earlier sessions once the day closes.

A pullback that settles above September's old high would let RSI cool while preserving the breakout. Repeated closes below that area, followed by failed recoveries, would make the momentum warning more significant. Losing the higher low near $0.0380 would inflict greater damage by breaking the price structure that underpinned the latest rally.

Chart source: TradingView, STRK/USD on Coinbase, October 4, 2026, at 17:00 UTC.

This article is for informational purposes only and does not constitute investment advice. Technical levels are approximate and do not guarantee future price movements.

Source: Coindoo